2 possibilities of bitcoin movement observed around 11000

Mar 1, 2018

Bitcoin has broken the resistance around 10860 (yellow line) and is moving up to test the next resistance at 11200 (green line). Depending on how quickly it reaches the next resistance, it may retrace to 10800-10950 level. If it breaks the support at 10860 it will go down to test 10400. If it bounces from 10860 support line, it will go up to test 11500-11700 zone.

Mar 2, 2018

Note

11.2 was touched, not too confidently, however. Retracing to 10800 zone is also completed with a little triangle formed in a downtrend.

Mar 2, 2018

Note

10820-10840 is an important level. If 15m candle closes below it, price may fall down to the 10200-10400 support area.